Training Session

Wednesday
Jul 1, 2020
10:00 AM

To

Wednesday
Jul 1, 2020
12:00 PM
Where ?
N/A
This is an online training
Who ?
Speakers

Objectives

This online training aims at explaining to participants the duties and liabilities of a Luxembourg depositary of a Luxembourg fund in different contexts - AIFMD (including PE/RE funds), UCITS V and other funds (SIF, Sicar, Part II, etc.) – and taking into consideration the funds’ legal form (SICAV, FCP, etc.).

​Participants will be provided with a detailed overview of the applicable rules. Whenever possible, practical and operating aspects will be discussed with a view to raising the awareness of participants from different backgrounds with respect to best market practices.

Content

The training session is split into 2 sessions of 2 hours each and covers the following topics:

  • Depositary
    - Legal duties / obligations deriving from AIFMD and CSSF Circular 18/697
    - Legal duties / obligations deriving from UCITS V and CSSF Circular 16/644
  • Impact of upcoming changes introduced by Commission Delegated Regulations 2018/1618 and 2018/1619

Duties of a depositary

  • Safekeeping
    - For custodiable assets
    - For other assets, including but not limited to financial derivative instruments, PE and target funds
    - How to organize the delegation of the depositary duties (due diligence on sub-custodians / TA / specialised intermediaries)
    - Liability issues and protective measures for both custodiable assets and other assets
  • Cash monitoring (incl. accounts with entities other than the depositary)
  • Oversight duties

Speaker

Dr. Frank Brülin (Counsel, Investment Management, Arendt & Medernach).

Target Group

Professionals in charge of business, legal and operational matters inherent to depositary activities or professionals in charge of investment support, investment structuring or legal matters within UCITS and AIF and / or their management companies.

Duration

2 hours (another 2-hour session takes place on 29.06.2020).

Language

English

Price

€500 (for the attendance of the 2 sessions: 29.06 and 01.07.2020)

Point of attention

The cancelation policy stated on the bottom of our page “training agenda” applies. It is a session consisting of 2 parts; should attendees only participate in part 1 there won’t be a (partial) refund of the overall budget of 500 EUR.

 

For any information, please contact us by e-mail institute@arendt.com

Related Content

Dr. Frank Brülin

Dr. Frank Brülin is a Counsel in the Investment Management practice of Arendt & Medernach. He specialises in work for regulated investment funds, advising clients on the regulatory, corporate and organisational aspects of the structuring and creation of investment funds, investment companies and management companies. He focuses on Undertakings for Collective Investment in Transferable Securities (UCITS) and alternative investment funds and their managers under the Alternative Investment Fund Managers Directive (AIFMD). He also advises depositaries, fund administrators and other service providers of UCITS and AIFs on regulatory aspects. Since 2011 he has been a member of the Düsseldorf Bar (G...

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Arendt & Medernach SA

41A, Avenue JF Kennedy L-2082 Luxembourg info@arendt.com

T (352) 40 78 78 1
F (352) 40 78 04

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